Paul Krugman

@paulkrugman ↗

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Last Checked April 3, 2022

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Sat Feb 19 16:01:12 +0000 2022

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Paul Krugman @paulkrugman

Paper here. The "wage-price" line makes it seem as if we're in trouble if both wages and prices are rising, which isn't necessarily so 3/ https://t.co/oeYXqtO43k — PolitiTweet.org

Posted Feb. 19, 2022

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Paul Krugman @paulkrugman

The original Phelps paper on the possibility of stagflation — whose analytical framework has aged much better than Friedman's — actually describes a wage-wage spiral 2/ https://t.co/GRv7w1SZzT — PolitiTweet.org

Posted Feb. 19, 2022

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Paul Krugman @paulkrugman

The FRED blog has an interesting chart on wartime deficit spending by the UK over the very long run 1/ https://t.co/NmHRiGzxL2 https://t.co/bY8lueOIsu — PolitiTweet.org

Posted Feb. 20, 2022